Simon talks about the key takeaways from the virtual national pin meeting, focusing on the impact of the new Labour government on property investing. Expert speakers, including Nicole D'Souza and Debbie Solomon, discussed crucial topics such as the shortage of skilled labor in construction, the need for affordable housing, and potential tax implications for property investors. Simon highlights the current buyer's market, the impact of political decisions on property investment, and the importance of seizing opportunities in the market. 

KEY TAKEAWAYS

• There is a shortage of skilled labour in the construction industry, partly due to the lack of young apprentices and experienced tradespeople.
• Local councils aim for more affordable housing, but they must incentivise builders to create a profitable environment for development.
• Many political candidates, including elected officials, lack awareness of Section 24 tax changes affecting property investors.
• The government may not introduce rent caps, but local councils could have the power to implement them, potentially impacting the rental market.
• The current market favours buyers due to fewer active buyers, making it an opportune time for property investors to engage with motivated sellers.

BEST MOMENTS

"Debbie Solomon discussed the challenge of balancing the need for affordable housing in local councils while incentivising builders to construct properties, highlighting the potential impact on the housing market."

"Ben Beadle mentioned that the civil servants, although they listen and understand the issues faced by landlords, may not be incentivised to help due to personal biases, potentially affecting policy decisions."

"Ben Beadle also emphasised that the current and previous chancellors are aware of the Section 24 tax issue for property investors but are reluctant to make changes, indicating potential challenges for investors in the future."

VALUABLE RESOURCES

Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.